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Robertino Presta, et al v. CIR
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July 07, 2026
Grocers' Microcaptive Not Valid For Tax Benefit, 7th Circ. Told
Chicagoland grocery chain owners were not entitled to microcaptive tax benefits because they failed to establish a bona fide in-house insurance arrangement, the government told the Seventh Circuit, saying the U.S. Tax Court correctly held that state law does not control the federal tax definition of insurance.
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April 24, 2026
Grocers' Microcaptive Tax Breaks Wrongly Axed, 7th Circ. Told
Chicagoland grocery chain owners asked the Seventh Circuit to restore the tax benefits tied to their business' microcaptive insurance, arguing that the U.S. Tax Court's decision to disallow those deductions violated a 1945 federal law authorizing state regulation of insurers.